Submit Rent Increase Request at least 90 days prior to the proposed start date for the new rent rate

DCHFA will render a decision within 30 days of the submission date

If approved, tenants must be given written notification at least 30 days prior to the new rent rate

3) Required Information

Request for Rent Increase

Current Rent

Proposed Rent

Utility Allowance Schedule

Dollar and Percent amount of Rent Increase

Market Survey

Certification confirming that the following requirements are met:

Financing and Regulatory Agreements

Tax Regulatory Agreements

Bond Requirements

LIHTC Program Regulations

Side Note: For projects that are not subject to DCHFA’s approval process, the above information should be submitted except the rent increase request.

Additional Information

DCHFA’s Rent Increase Review Process

Our Asset Management Staff reviews the request for rent increases according to the Financing and Regulatory Agreement, Tax Regulatory Agreement, applicable bond requirements, and LIHTC program regulations. As long as the proposed rents are below rent limits of the applicable financing programs, the Owner should implement rent increases within the range of 2-4%. A larger percentage of rent increases may be approved depending on the status of both the project’s financial status and rental market. The Owner should avoid large increases that may bring undue financial burden to the tenants.

Non-Compliance Notices

If a project’s rent increases are not in accordance with the bond and applicable LIHTC program requirements, DCHFA may issue a Notice of Non-Compliance and require the Owner to take necessary corrective actions. The Notice will become a part of the project’s compliance records and may be shared with the District of Columbia Department of Housing and Community Development (“DHCD”). Pursuant to the LIHTC program guidelines, DHCD may file Form 8823 to IRS for the project’s non-compliance.

If rents are above limits for the applicable bond or LIHTC program, the owner must refund the excess rents to tenants affected by the rent increase.

* Calculations for estimation and planning purposes only; they do not include taxes, insurance or any other potentially required payments.

Thank You For Your Inquiry!

A response will be provided within ten business days to the email address included in your request or to your third party designee. If any additional information or verification of borrower identity is needed, a member of our DCHFA Office of Finance will contact you.

Note: If this information is requested for a scheduled closing, we will do our best to provide this information by the date indicated.

Mortgage Calculator

DC Open Doors wants to help you finance a mortgage you can afford.
Having a sense of your monthly mortgage payment, your interest rate and
your need for down payment assistance will prepare you for the
homeownership process. Fill out the below fields, then click calculate
to find out how homeownership can be affordable for you.

Sales Price ($)

Down Payment Assistance

Loan Amount ($)

Interest Rate

Loan Term

Monthly Payment ($)

* Calculations for estimation and planning
purposes only; they do not include taxes, insurance or any other
potentially required payments. Some DCHFA rate offerings may also
include mortgage points.